FEATURED ARTICLES ABOUT HARVARD BUSINESS SCHOOL - PAGE 5

(Reuters) - Wal-Mart Stores Inc said on Saturday that its board has appointed James Cash Jr. as lead independent director. Cash, who joined Wal-Mart's board in 2006, replaces James Breyer, who served on the board for more than a decade, but was prevented from running again this year under the company's rules of corporate governance. A former faculty member at Harvard Business School, Cash is also a member of Wal-Mart's audit committee. That committee's oversight has been criticized amid allegations that Wal-Mart de Mexico bribed officials to expand quickly in Mexico and that Wal-Mart executives squelched an internal probe into those charges.

James L. Krum, 80, a retired vice president of Sears, Roebuck and Co., died Friday, Feb. 11, in Hilton Head Medical Center and Clinics in Hilton Head Island, S.C. A former resident of Hinsdale, Mr. Krum moved to Hilton Head Island in 1983. A graduate of Colorado College and Harvard Business School, he was employed by the giant retailer for 35 years. Mr. Krum served in the Army Air Corps and served on a number of boards of directors, including Whirlpool Corp., Johnson Controls, Sanyo Corp.

Mr. and Mrs. Donald Mason of Berkeley Heights, N.J., announce the engagement of their daughter, Elizabeth Ann, to Todd Charlton Peterson, son of Mr. and Mrs. Jack Peterson of Lake Forest. The future bride is a graduate of Michigan State University and the University of South Carolina with a master's degree in international business studies. She is a product manager with Harbinger Computer Services in Atlanta. Her father is vice president of operations for Wallace and Tiernan Manufacturing Co. in New Jersey.

USG Corp. said its directors elected William C. Foote, 45, chairman, succeeding Eugene B. Connolly, who will retire Monday after nearly 38 years of service. Foote was named president and chief executive officer of the Chicago-based firm not quite three months ago, after starting in 1984 as director of strategic planning and corporate development and rising to president and CEO of the company's USG Interiors Inc. Before joining USG, Foote was a senior manager at McKinsey & Co. in Chicago and assistant treasurer at Chase Manhattan Bank in New York.

July 24 (Reuters) - Bank of America Corp said on Wednesday that its board added two directors, Clayton Rose and Pierre de Weck, effective immediately. Rose is a Harvard Business School professor and a former executive at JPMorgan Chase & Co, and de Weck, is a former executive at Deutsche Bank AG, Citicorp and UBS. At JPMorgan, Rose led the bank's global investment banking and global equities divisions. De Weck had most recently served as global head of private wealth management at Deutsche Bank until his retirement in 2012.

There's no hiding that Harvard Business School students are interested in making money. The oars of the business school crewing shells are embossed with dollar signs. At graduation ceremonies, the earnest new holders of master of business degrees throw dollar bills in the air in celebration. And almost 40 percent of the venerable school's students choose careers like investment banking and management consulting, where they have a shot at making $100,000 a year right away. Revising this unflattering image of Harvard Business School is the ambitious goal of Dean John H. McArthur, who wants to change this training ground of business leaders into a more socially conscious academy that will promote the interests of the community as well as the bottom line.

Patrick and Naomi Horgan of Hoffman Estates announce the marriage of their daughter, Amalya, to Christopher Campbell, son of Jim and Linda Sue Campbell of Omaha. The couple was married June 21 at LaSalle Street Church in Chicago. The bride has a master's degree from Harvard Business School in Cambridge, Mass. She will be a consultant for the Monitor Company, based in Cambridge. Her father is retired. Her mother is a senior staff representative for United Airlines. The groom has a bachelor's degree from Dartmouth College in Hanover, N.H. He is pursuing his master's degree at the Kellogg School of Management at Northwestern University.

Parke W. Burrows, 76, who founded a business that sold equipment for the seed and grain farming business, died Friday at Evanston Hospital. Mr. Burrows, an Evanston resident, was a 1936 graduate of Amherst College and a 1938 graduate of Harvard Business School. In 1947, he founded the Burrows Equipment Co. in Evanston, which sold seed and grain farming equipment. He sold the company in 1979. Mr. Burrows was a member of the District 65 Board of Education in Evanston from 1955 to 1961.